Silverstone British GP Tickets
Discussion
I well and truly missed the boat on buying (at least GA) tickets for the British GP this year. Does anyone have any suggestions on where/how to pick up tickets on the secondary market? Is it going to be paying the extortionate prices being asked on Viagogo?
I need 4 tickets; 2 adults and 2 kids (1 under 5).
I need 4 tickets; 2 adults and 2 kids (1 under 5).
I do find it interesting that people are so wiling these days to give companies what will be millions of pounds that can sit in their bank accounts earning interest months and months before an event, it happens all the time with gigs, games etc so nothing wrong with it in terms of what Silverstone do, I just find it a bit odd that even though you are maybe getting a slightly cheaper deal you are that keen to let companies live on your interest for so long.
LukeBrown66 said:
I do find it interesting that people are so wiling these days to give companies what will be millions of pounds that can sit in their bank accounts earning interest months and months before an event, it happens all the time with gigs, games etc so nothing wrong with it in terms of what Silverstone do, I just find it a bit odd that even though you are maybe getting a slightly cheaper deal you are that keen to let companies live on your interest for so long.
What's the alternative if you want to go to the event?I suppose a company like Silverstone are aware that demand is high for some reason, and will offer deals like early bird type stuff, this annoys me intensely as you are basically giving them millions of pounds that sits in accounts for months earning no doubt a lot of interest simply because people are desperate to "not miss out" It is a culture that pervades modern society and events in particular and these people exploit it very well.
The ticket and events industry has made this possible and punters have bought into it, gigs are even worse, it can often be 18 months for big bands that you can buy tickets, and you get very little money off by doing so.
It basically means that turning up on the day for the same event now can cost you considerably more, and that is facilitated by giving money to companies that sits in accounts for months before the event, I just find that a bit crafty, but everyone does it and people are so desperate to not miss out they don't think twice about what they are doing.
The ticket and events industry has made this possible and punters have bought into it, gigs are even worse, it can often be 18 months for big bands that you can buy tickets, and you get very little money off by doing so.
It basically means that turning up on the day for the same event now can cost you considerably more, and that is facilitated by giving money to companies that sits in accounts for months before the event, I just find that a bit crafty, but everyone does it and people are so desperate to not miss out they don't think twice about what they are doing.
LukeBrown66 said:
I suppose a company like Silverstone are aware that demand is high for some reason, and will offer deals like early bird type stuff, this annoys me intensely as you are basically giving them millions of pounds that sits in accounts for months earning no doubt a lot of interest simply because people are desperate to "not miss out" It is a culture that pervades modern society and events in particular and these people exploit it very well.
The ticket and events industry has made this possible and punters have bought into it, gigs are even worse, it can often be 18 months for big bands that you can buy tickets, and you get very little money off by doing so.
It basically means that turning up on the day for the same event now can cost you considerably more, and that is facilitated by giving money to companies that sits in accounts for months before the event, I just find that a bit crafty, but everyone does it and people are so desperate to not miss out they don't think twice about what they are doing.
Welcome to the wonderful world of capitalism.The ticket and events industry has made this possible and punters have bought into it, gigs are even worse, it can often be 18 months for big bands that you can buy tickets, and you get very little money off by doing so.
It basically means that turning up on the day for the same event now can cost you considerably more, and that is facilitated by giving money to companies that sits in accounts for months before the event, I just find that a bit crafty, but everyone does it and people are so desperate to not miss out they don't think twice about what they are doing.
You do know that these events don't just cost huge amounts of money to stage only once they open the doors right? I don't know when Silverstone has to cough up the multi million dollar sanctioning fee to FOM for the Grand Prix but it certainly isn't Thursday afternoon just before the race.
LucyP said:
How does it earn "a lot of interest" when interest rates are basically zero? Where do you think they put the money? Argentina, where the rate is nearly 38%, or do they play it safe and opt for Venezuela where the rate is only 36%?
There will be hedge funds and traders offering good returns for a few months, rather than just leave the cash sitting in the bank. 100k lots of £300 is £30m, there’s a million or two to be made there. Depends on exactly when they have to make the big payment to FOM though, it might be that they avoid having to borrow the money, rather than getting to sit on it. Borrowing it would be quite a lot more expensive, especially with pandemic insurance required by whoever was underwriting the loan!
s want £115 for just the Friday!!
Sandpit Steve said:
There will be hedge funds and traders offering good returns for a few months, rather than just leave the cash sitting in the bank. 100k lots of £300 is £30m, there’s a million or two to be made there.
No there isn't. You clearly don't understand how deposits, or hedge-funds work, or risk, or Silverstone's finances.Oh sorry Stefano, we can't actually pay the £15 million hosting fee, because our hedge-fund man, Mr Leeson lost us the money.
Oh sorry race-fans, we know that because of another Covid lockdown, that the race has had to be cancelled/held behind closed doors this year, but we cannot refund your money, because our hedge-fund man.....
Exactly
I get why punters do it, you want to get a deal and early bird tickets, but work it out, work out the tickets per person if you ONLY sell admission, parking, programs, then work out the grandstands seats aswell, it is a vast sum sitting in someone's bank account for a very long time, earning probably colossal amounts of interest at the same time,
115 quid for Friday is borderline inhumane to be honest. It staggers me, it also concerns me that people just hand it over as if it grows on trees. The precedent you are all setting is just so bad. But I guess you MUST b there, you MUST take it all in, you MUST MUST MUST.
I never understand why people are prepared to pay SO MUCH money for tickets to these events, I was lucky enough to go to a few years ago when i was also a bit silly and they are in no way at all worth it. not when the best views are all had by people who dont even pay tog et in!
I get why punters do it, you want to get a deal and early bird tickets, but work it out, work out the tickets per person if you ONLY sell admission, parking, programs, then work out the grandstands seats aswell, it is a vast sum sitting in someone's bank account for a very long time, earning probably colossal amounts of interest at the same time,
115 quid for Friday is borderline inhumane to be honest. It staggers me, it also concerns me that people just hand it over as if it grows on trees. The precedent you are all setting is just so bad. But I guess you MUST b there, you MUST take it all in, you MUST MUST MUST.
I never understand why people are prepared to pay SO MUCH money for tickets to these events, I was lucky enough to go to a few years ago when i was also a bit silly and they are in no way at all worth it. not when the best views are all had by people who dont even pay tog et in!
Tickets are a limited commodity, just like any other commodity, you pay the market rate, if the price is set too high it becomes cheaper and doesn't sell until it hits the rate the market is happy with, if it's acceptable to the market, it sells at the price offered on the day and there is no more of it to buy.
This is not rocket science.
This is not rocket science.
LukeBrown66 said:
Exactly
I get why punters do it, you want to get a deal and early bird tickets, but work it out, work out the tickets per person if you ONLY sell admission, parking, programs, then work out the grandstands seats aswell, it is a vast sum sitting in someone's bank account for a very long time, earning probably colossal amounts of interest at the same time,
115 quid for Friday is borderline inhumane to be honest. It staggers me, it also concerns me that people just hand it over as if it grows on trees. The precedent you are all setting is just so bad. But I guess you MUST b there, you MUST take it all in, you MUST MUST MUST.
I never understand why people are prepared to pay SO MUCH money for tickets to these events, I was lucky enough to go to a few years ago when i was also a bit silly and they are in no way at all worth it. not when the best views are all had by people who dont even pay tog et in!
I suppose people could sit there working it out, but don’t want to risk not getting any tickets, leaving them with the very problem that led to this thread?I get why punters do it, you want to get a deal and early bird tickets, but work it out, work out the tickets per person if you ONLY sell admission, parking, programs, then work out the grandstands seats aswell, it is a vast sum sitting in someone's bank account for a very long time, earning probably colossal amounts of interest at the same time,
115 quid for Friday is borderline inhumane to be honest. It staggers me, it also concerns me that people just hand it over as if it grows on trees. The precedent you are all setting is just so bad. But I guess you MUST b there, you MUST take it all in, you MUST MUST MUST.
I never understand why people are prepared to pay SO MUCH money for tickets to these events, I was lucky enough to go to a few years ago when i was also a bit silly and they are in no way at all worth it. not when the best views are all had by people who dont even pay tog et in!
Not saying this as someone who wants to go, but if I did I’d be getting in early.
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